In the last decade, treatment for varicose veins has become major business. Thanks to new innovations in the practice, more and more consumers are lining up to have their varicose veins safely and easily removed. The question is: Will that trend continue?
Well, according to new research, it looks as though the market for varicose vein procedures is going to continue to expand, with the next five years becoming highly competitive and highly lucrative. In fact, the most recent estimates show that the market is set to grow by tens of millions of dollars, from around $207 million last year to almost $290 million by 2022.
In general, the growth in varicose vein treatment is going to be the result of two main factors. The first of these is, quite simply, the effectiveness of the current treatment options. In recent years, doctors have devised a number of minimally invasive yet highly effective ways of combating varicose veins. In particular, sclerotherapy and endovenous radio/laser ablation have completely changed the game when it comes to handing enlarged veins.
Just a couple of decades ago, the most effective way of dealing with these kinds of issues was vein stripping. This surgical procedure required doctors to physically cut into the patients' legs and surgically remove the affected veins. Today, vein stripping is still used in rare cases, but sclerotherapy and endovenous ablation have made it all but obsolete.
With these new treatment methods, vein procedures are quick and easy, often taking less than half an hour. There is relatively little downtime for the patients, and they can typically resume normal activity levels within a day or two. And perhaps best of all, the cost is relatively low, meaning that more consumers are going to take advantage of the treatment.
The other main driver in the rise of vein treatment is the aging population. While varicose veins have a number of causes, age plays an enormous factor. Put simple, the older a person is, the more likely they are to develop varicose veins. With the population of the United States and Europe growing older, there is virtually a guaranteed patient pool just waiting to take advantage of these treatment options.
For sure, the growth expectations for varicose vein procedures are huge. But even then, there are some experts who say that the forecast is too low. So the question isn't whether or not the market for vein treatments will be lucrative. The question is simply: How lucrative?
If you or someone you know would like to learn more about vein treatment, please feel free to schedule a consultation or contact one of our representatives today!
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